MADRID, 29 Nov. (EUROPA PRESS) –
The Ibex 35 continues with its bullish streak, which allows it to break annual highs and this Wednesday it closed with an increase of 0.59%, reaching 10,062.6 points, February 2020 levels, after being known in the day inflation data better than expected by consensus in Spain and Germany.
Thus, in the absence of what the main indicator of the Spanish market does tomorrow (last day of the month), the Ibex 35 appreciates 11.59% in November and 22.28% in the year. It is also worth highlighting that, since November 13, the indicator has accumulated eleven upward closings compared to two sessions of falls – which were also very limited, of 0.12% and 0.03% -, while in the month the total of negative closures only amounts to five days.
The Spanish selective has moved throughout the session in the field of profits, encouraged from the opening, in addition to the inflationary data, by the words the day before by a member of the United States Federal Reserve (Fed) in the which suggested that a new rate hike was unlikely.
Thus, the Spanish market has come close to the level of 10,100 points, however, it has lost some intensity at the close of the session after the growth of the GDP of the United States in the period was revised upwards, to 5.3%. third quarter, which made the New York indices trade flat, since this good performance of the economy would require greater emphasis on monetary adjustment to curb inflation.
In more detail, within the ‘macro’ section, the INE published this Wednesday that the CPI fell 0.4% in November in relation to the previous month and cut its interannual rate by three tenths, to 3.2%, due to cheaper fuel and tourist packages and to a less pronounced rise in food prices than that experienced a year before.
Core inflation (without unprocessed food or energy products) in November fell seven tenths, to 4.5%, a rate 1.3 points higher than the general CPI and the lowest since April 2022, when it stood at 4.4%.
For its part, the German Consumer Price Index (CPI) will stand at 3.2% in November, which represents six tenths less than the 3.8% in October and the lowest year-on-year increase in prices since June 2021, according to the preliminary estimate of the Federal Statistics Office (Destatis).
On the other hand, consumer confidence in the eurozone in November has improved to the extent that was expected, while, back in the United States, this afternoon – with the European market already closed – the Beige Book of Fed.
In this context, within the Ibex 35, the advances have been led by Acciona Energía (2.3%), Ferrovial (1.87%), Colonial (1.77%), Solaria (1.69%), Cellnex ( 1.65%), Acciona (1.3%) and BBVA (1.28%). On the other hand, a dozen stocks closed with losses, with Grifols leading (-1.75%), Rovi (-0.99%), Repsol (-0.92), Bankinter (-0.86%) and Mapfre (-0.78%).
Ferrovial, which has posted the second best result of the selective, reported on Tuesday at the close of the market that it was selling its 25% stake in TopCo, the holding company that manages London’s Heathrow airport for 2.7 billion euros. In this way, the price has reached historical highs.
Most European stock markets have also seen increases in the session: Paris has added 0.24%; Milan 1.06% and Frankfurt 1.09%, while London left 0.43%.
At closing time in the Old Continent, in the raw materials market, a barrel of Brent stood at $82.42, up 0.9%, while West Texas Intermediate (WTI) rose by 1. 14%, up to $77.28.
In the secondary debt market, the interest on the long-term Spanish bond has concluded trading at 3.428% after subtracting just over six basis points, while the German bond has fallen in the same proportion to 2.429%. Thus, the Spanish risk premium stood at 99.9 points.
In the foreign exchange market, the euro depreciated 0.18% against the dollar, until trading at an exchange rate of 1.0973 ‘greenbacks’ for each euro.
